Vranken Pommery : H1 results short of our expectations. 2022 sales guidance adjusted to the lower end of the range at +5%
>Underlying EBIT of € 5.9m, down 12% on a high base - Underlying EBIT came in at € 5.9m, down 12% on H1 sales of € 112.2m (+20.2%) including income from real estate of € 2.3m not taken into account in the previous H1 sales figure of € 109.9m (+17.7% with +22% for champagne) given in July. These results are lower than we expected. Profitability was undermined by higher marketing expense, particularly for the launch of the Multi-Millesimes vintage from Château La Gord...Vranken-Pommery Monopole is engaged in the production, marketing and distribution of alcoholic beverages, primarily champagne, porto and pink wine (Rose). Co.'s brands are Pommery, Vranken, Heidsieck & Cdeg Monopole and Charles Lafitte for champagne; Sao Pedro, Rozes et Terras do Grifo for Porto; and Listel and Chapelle Gordonne et Billette for pink wine (Rose). Co.'s activities can be divided into three segments: Vineyard which focuses on managing Co.'s vineyard and wine-producing activities; Production of champagne, porto and pink wine; and Distribution and Marketing of products.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.